Professional Documents
Culture Documents
General Guide:
0-2 marks if wrong evidence is cited that relates to environmental forces
3-4 marks: evidence cited but not specific or detailed enough
5-6 marks: strong evidence cited that describes the environmental forces with some
application to explain how it affects the company’s business
> 6 marks: Provide strong evidence that describes the environment and its impact on
the company and how it responds to these environment effectively or ineffectively
WHAT ARE GOOD QUALITY ANSWERS
Draw evidence from case (Do Describe in detail the environmental trend
(cite evidence from case)
not quote)
What is the impact on the company?
Relate these evidences to the
How did the company tap on the positive
concept directly
trends in environment?
Discuss the impact of How does it respond to the forces that
environment to the business affects it negatively?
Competitive Environment:
Relevant Evidence cited with detailed explanation
The competitive environment describes the number of competitors
Description of
and the intensity of competition in the smart pet devices market.
the
There appears to be only 3 competitors in the market which has
competitive
started selling smart pet devices – Smartpaw, Kohepets and Pet
environment –
Widget as these devices have only started sales at the beginning of
cite evidence
the year.
from case
study
This spell good news for Smartpaw as Dean Tan seems to have
Impact of tapped into a market with good potential for sales as there are
competitive more pet owners (67000 dog licenses) and evidence in the case
environment indicates that local Sales from Gosh revealed that sales has
On Smartpaw increased 50% for smart pet devices. Thus it is likely he will
and its continue to do well as long as he is proactive in sourcing for new
response to smart devices and bringing them into Singapore before his
environment competitors
Socio-demographic Environment:
Relevant Evidence cited with detailed explanation
Description of Socio-cultural environment refers to the socio-cultural trends in
the socio- the environment that influence the demand for smart pet devices
demographic in Singapore. Smarpaw should target demographic groups like
environment – elderly and singles as more elderly living alone owns pets to keep
cite evidence them company. Many singles who lead busy lifestyles and had no
from case time to date and find partners are also known to own dogs who
study can keep them company as they go for daily runs in the park.
Impact of It might be challenging for elderly to learn to use these high tech
socio- devices so Smartpaw should target singles first. Single
demographic professionals are likely to be ideal target consumers as they have
environment high income and are prepared to spend money on smart devices to
and its keep their pets safe and loved.
response to
environment
Technological Environment:
Relevant Evidence cited with detailed explanation
With the increasing use of smart phones, it is not surprising that pet
Description of
owners are using smart food feeders that can dispense food and
the how
drinks to their dogs with a tap of their mobile phone screens or use it
technology are
to monitor their pets’ food and water intake through an app. It also
used – cite
allows them to track their movements in the home or allow them to
evidence from
talk and play with their pets remotely with lasers. With
case study
advancements in GPS, there is now a tracker device that allows
owners to track the location of their pets or to include key
Impact of information about their pets if they get lost.
technological
environment Smartpaw can bring in smart devices that can be multi-
and its functional and ensure that pet owners can easily use one app
response to to perform automatic feeding, to talk to their pets and track
environment when they are lost. This will provide convenience to customers
instead of buying 3 different products that needs 3 separate
apps.
FIGURE 1-3 Marketing seeks to discover consumer needs
through research and then satisfy them with a marketing
program
Customer
Value
Proposition
: How it
meets
customers
needs?
Benefits
the product
offers
TOPIC 3: Part 2: PSYCHOLOGICAL INFLUENCES ON
CONSUMER BEHAVIOR
MOTIVATION
Motivation
-Maslow’s
Hierarchy
-Of Needs
5-9
QUESTION ON VALUE PROPOSITION (MASLOW’S HIERARCHY OF NEEDS)
GUIDE TO ANSWERING QUESTION (4-5 MARKS)
General Guide:
0-2 marks if insufficient evidence provided or wrong evidence cited
2 marks only if right evidence is matched to the concept but lack
explanation
3-5 marks if explanation is provided that demonstrates a strong
understanding of how the evidence relate to the marketing concept
Maslow’s Hierarchy of Needs Safety Needs
Safety needs are characterized as the freedom from harm in terms Mix and
of mental well-being. Pet feeders permit owners to talk to and play match the
correct level
with their pets which help soothe separation anxiety. This means,
of needs to
pets tend to be mentally healthier as they receive enough attention evidence
from owners.